Nasdaq-listed Genius Group, additional purchase of Bitcoin (BTC) worth 2.5 billion won... Holding a total of 172 BTC
Minseung Kang
Summary
- Genius Group recently announced an additional purchase of Bitcoin (BTC), increasing its Bitcoin holdings.
- Genius Group plans to purchase 15,000 BTC as an initial goal and currently holds a total of 172 BTC.
- The company explained that it will hold 90% of its reserves in Bitcoin following a long-term investment strategy.
Nasdaq-listed AI-based education company Genius Group recently announced an additional purchase of Bitcoin (BTC) worth 18 million dollars (approximately 2.5 billion won).
According to Global Newswire on the 2nd, Genius Group recently purchased additional Bitcoin worth 18 million dollars. Previously, Genius Group had invested 15.8 million dollars in Bitcoin after announcing its investment plan on the 12th of last month.
The company stated, "Genius Group plans to hold 90% of its reserves in Bitcoin, with an initial goal of purchasing 15,000 BTC."
On the other hand, Genius Group is currently holding a total of 172 BTC, with an average purchase price of 9,200 dollars.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
